Financial Technical Analysis Crypto Narrative Chapter 2 Basic Drawings

The previous chapter discussed about the DOW Theory where every financial technical analyzers have to remember when performing any analysis. This chapter discusses the basics of drawing lines on a chart. In many channels and social media we less often see traders not drawing lines but straight away using indicators and drawing chart patterns. The possibility is only two, either that they are already very experienced that they no longer need to draw basic lines where they imagine them in their minds like playing blind chess or they are neglecting the basics. If we often in loss by using chart patterns and indicators, probably our basics are not solid yet or worse we forget about the DOW theory. Therefore, it is recommended to build a solid foundation first on the basic where the basics or drawing lines are drawing swings, trends, supports & resistances, and supplies & demands.

To start drawing, foreign exchanges, commodities, most stocks, and popular cryptocurrencies are available in Trading View for free. If you are into decentralized finance (DeFi) where most coins are not available in trading view, you can try Dex Tools for Ethereum ecosystem, and Dex Guru…